How do UK companies' Mechanisms Affect and Help their Corporate Dissertation

How do UK companies' Mechanisms Affect and Help their Corporate Governance - Dissertation Example Throughout the entire period in fulfilling the objectives of this dissertation, I was greatly blessed with his extensive guidance and supervision over my work. I cannot complete this part without saying ‘thank you, sir’. Subsequent to that, my colleagues and friends who also played their part have extended their hand for my project; the successful culmination of this dissertation has also observed the role of my friends. For such contribution, I am also indebted to them. Abstract The purpose of this paper was to understand and highlight corporate governance mechanisms pursued by the different organizations. For this purpose, the annual reports were used to extract the relevant information. Subsequently, the empirical analysis was carried out the understand interplay between the financial performance and the corporate governance mechanisms. The results indicate that the strongly established corporate governance mechanisms considerably improve the financial performance. Th e results indicate that the companies having strong corporate governance mechanisms were experiencing strong financial performance. However, more focus should be given to cooperation and coordination between executive and non-executive directors. Table of Content Introduction 5 Literature Review 8 Methodology 11 UNILEVER PLC 13 TATE & LYLE PLC 18 TESCO PLC 21 THORNTONS PLC 24 SAINSBURY PLC 27 SABMILLER PLC 32 MORRISON PLC 35 MARKS & SPENCER PLC 38 DIAGEO PLC 41 DIARY CREST GROUP PLC 44 CRANSWICK PLC 47 BRITVIC PLC 51 BOOKER GROUP PLC 55 ASSOCIATED BRITISH FOODS PLC 61 A.G. BARR PLC 65 Conclusion and Recommendation 70 Bibliography 77 Appendices Introduction Board governance mechanism haves experienced the focus of a range of reports in the United Kingdom, especially the Cadbury Report (1992)1 and the Hampel Report (1998)2. However, from these reports along with the support of Green bury Report (1996)3 came the Combined Code of best practice.4 In the United Kingdom, companies are expe cted to understand and implement board structures in accordance with the principles and provisions of the Combined Code. As a prerequisite of listing on the London Stock Exchange, firms are required to include a corporate governance statement in their annual reports. The purpose of this inclusion is to mention the ways in which companies apply the principles and provisions of the Combined Code. Subsequently, this elaborates the concept of the ‘comply or explain’ rule for the companies registered in the United Kingdom. In this regard, it has been provided that the Combined Code mentions three significant corporate governance mechanisms: duality and setting up of board sub-committees and the number of Non-Executive Directors. A considerable amount of literature is available to highlight that boards should include and ensure a balance of Non-Executive and Executive Directors. In this regard, Raheja contended that Executive Directors provide benefit to companies because of the extent of their company-related information.5 In addition to that, various studies provide that Non-Executive Directors have a constructive and positive effect and studies find that boards dominated by the Non-Executive Directors have more tendencies to act in the best interests of the shareholders.6 The UK Combined Code of best practice have recommended that Non-Executive Directors should make up at least one-third of the Board and consequently there have been

The Impact of African Slave Trading Essay Example | Topics and Well Written Essays - 1250 words

The Impact of African Slave Trading - Essay Example Thornton cites the example of the Ndongo war, which lasted from 1625 until 1655 in countering the traditionally held ideal that wars were strictly economical (Thornton 101). This war was fought over succession to the throne of Ndongo (Thornton 100) and can account for many of the Angolan slaves captured during this time (Thronton 101). â€Å"Such wars, however, may well have been waged solely in order to acquire slaves even without the demands of Atlantic traders† (Thornton 102). Thornton believes war and slavery were an accepted way of life in Africa, and as such would have continued without the European influence. However this is one simple example that does not explain the reasoning behind the multitude of other wars in Africa. He mentions that motives might appear to be economical when indeed they are political, but it seems impossible to believe that the knowledge of demand for slaves would not have affected the leader’s decisions in initiating war with economic ga in in mind. While Thornton does acknowledge that there was a boost in the slavery market due to the European influence, he does not seem to acknowledge the depth of change the demand of the European traders must have had. It seems that with such a large demand for slaves, it would profoundly influence the economics of the African tribes. It would be exhaustive to attempt to catalog the actual number of slaves taken from Africa over such a long time period but we are able to look at isolated instances that illuminate the effects of the slave trade.

Apples Product Development and Marketing Strategy

Apples Product Development and Marketing Strategy With the development of technology at high speed, particularly in the field of electronic products, some companies have launched brilliant products which are full of imagination and creativity. These products are exercising an invisible and formative influence on society. Among these products, the series of products from Apple Inc. (previously Apple Computer, Inc.) may be some of the most noticeable ones. Apple Inc., whose products have attracted peoples attention all over the world and have occupied considerable market share in global range, is one of the most successful international company currently. According to the statistics from NPD group, in the term of premium personal computer, Mac, which is the name of a series of Apples PC, revenue market share was 91 percent on June 2009. (Wilcox 2009). This consequence can be attributed to two major reasons: Apples product development and Apples extensive marketing (Schumacher 2009). In the meanwhile, Apples success affects society in two aspects, namely fashion style and changing peoples habits. This essay will expand the reasons mentioned above to analysis why Apple have achieved huge success worldwide, and then illustrate the positive effects on society owing to Apples products. Due to the success of Apple Inc. and its contribution to society, I would like to consider that Apple Inc. is one of the most outstanding companies at present age. Key Reasons for Apples Success Admittedly, the reasons which may bring about Apples success are various, nevertheless this essay mainly propose two most important reasons. Of major consideration is Apples product line, which is assuredly responsible for Apples success. Specifically, there are four sub reasons, which are constantly improving, innovative product line (Kingsley-Hughes 2009); simple design and user interface; high quality components; coherent hardware and software (Schumacher 2009), relevant to Apples product development. Apples product development First of all, Apples product line encompasses a series of brilliant and distinctive products, such as Mac (Macintosh), iPod, iPhone and iPad; and in the mean time the designers of Apple Inc. are improving and innovating on their product line constantly. Innovative spirit of Apple Inc. has been approved across the world. In 2005, Boston Consulting Group held a poll whose is called Top 20 Innovative Companies in the World, and collected the statistical data from 940 senior executives in 68 countries. The result of this investigation revealed that Apple Inc. was appraised as the most innovative company in the world and accounted for 24.84% of the entire vote (Nussbaum 2005). For example, iPod, as one of the representative product of Apple, was launched in 2001. Initially, although it attracted consumer attention, it only supported the Macintosh operation system, which meant that it could only be used on Macintosh computers and lost many other users who used windows operation system. The n, in 2002, Apple Inc. launched the second generation of iPod, which began to support Windows OS. As a result, iPod became more widely popular with both Macintosh and Windows users. Three years later, a new generation of iPod, which can play not only audio files but also video files, was launched on 12th October 2005. Moreover, for users convenience, the battery life was longer than before. In 2007, the newest generation with larger capacity which can store up to 4000 songs or 100 movies, was launched. (Identifying iPod models 2010) During the process of iPods development, we can see that Apple Inc. is improving their products constantly and adding innovative elements on the products to offer distinctive and unique user experience. The second element, which is considered to be relevant to Apples products, is their simple design style and friendly user interface. To take a panoramic view of Apples product line, whether an iPod, an iPhone or an iPad, they retain the simple design consistently. There are only a few buttons and different parts embedded into Apples products. The appearance of these products is one whole piece of technology and has no splicing traces on them. The simple user interface is a distinctive character, as well. For instance, an iPhone have no different submenus or other ways to display the menu, it is easy for users to reach the function which they want to use directly and avoid unnecessary confusion (Schumacher 2009). Thirdly, high quality components could lead to the success of Apples products. These products do not tend to integrate newest hardware and offer highest available capacities. That is to say, Apples products use suitable components to provide suitable functions, which ensure these products can run stably. For example, although there may be only have a 2 mega pixel camera integrated into an iPhone and this camera could not satisfy any user to take photos, the moment it is necessary for people to take a picture, the camera is ready and gives full scope to photography. (Schumacher 2009) Finally, the cohesion of hardware and software brings the success of Apples products. Apple Inc. not only focuses on developing the hardware but also developing the software, which enhances the performances of these products. For example, in order to improve iPods performances and provide convenience to users, Apple Inc. developed the software named iTunes, which is a software supporting a Mac or a PC. It arranges and plays audio and video files on a computer. Moreover, all media stored on a computer can be synchronized with an iPod, an iPhone and an iPad. In the meantime, it is a digital store on a computer and other apples products with a large quantity of music and movies (What is iTunes? n.d.). Additionally, iTune is updated on Apples website regularly, so that users can use newest version to enhance their iPods. In brief, Apple Inc. insists on improving and innovating on the product line to develop brilliant products constantly. And these products offer friendly user interface and simple design style for users who can operate these products easily. Moreover, high quality components are integrated into Apples products to enhance their performance. In addition, Apples Inc. develops software to support their products in order to providing convenience to users. Therefore, Apples product development is the basis of Apples success. Apples s marketing Assuredly, Apples product development is a necessary premise to Apples success. On the other side, Apples extensive marketing plays an important role as well. Apples marketing strategies can be summarized as two primary sides. One is advertising; the other is the communication style. Firstly, the success of Apples market could be caused by Apples advertising strategy. The slogans for Apples products can be seen in almost every place, such as in the streets, at the bus stops and on the large screens of squares. With Apples products, the slogans are creative and attractive, for instance, The first music player that talks to you (iPod shuffle n.d.) and Soon there will be 2 kinds of people. Those who use computers, and those who use Apples (Alex 2006). Due to these dense and eye-catching advertising with memorable slogans, Apples products are deeply rooted among the people quickly and accepted by people. Secondly, one of the most brilliant points of Apples marketing strategies is the communication style. Midgley and Midgley decribe a successful communication style as Golden Circle in the following words: If a company aligns itself with the customers values and consistently delivers its product or service in accordance with those values, then the customer will consistently utilize the companys offering. Consistent utilization of a companys offering will ensure a healthy top line. A healthy top line, in turn, produces healthy cash flow. (Midgley and Midgley 2005, 6) Apple Inc. is performing this kind of communication described in Midgley and Midgleys book. Apple Inc. develops their products based on consumers requirements and values, and then transmits its ideas and service to consumers in various ways. For example, in Apples stores all over the world there are lecturers propagating their products and explain why these products are consistent with consumers requirements and values. Besides the open lectures, Apple stores hold a series of events regularly to show the brilliant ideas integrated into Apples products. Via the interaction between Apple Inc. and consumers, how Apples products satisfy consumers values is accepted by consumers in global scope. There is a diagram about the golden circle theory, which illustrates the marketing strategies of Apple Inc. vividly. According to the description in the figure below, Why, How and What means Beliefs, Tactics and Results, respectively (Gartland 2010). At first, Apple Inc. establishes the beliefs to meet consumers values, and then it realizes the beliefs via the development of its products. At last, Apples products are world wildly accepted by consumers. Therefore, Apple Inc. communicates with users in an inside-out way which is a remarkable way and has achieved huge success across the world in marketing. Figure1: the golden circle Source: (Gartland 2010) In sum, Apples products infiltrate into peoples daily life via dense advertising, and these products, which benefit from the communication style of Apple Inc, are accepted by people. Hence, the marketing strategies of Apple Inc. are another key reason that brings about its success. Effects on Society The reasons mentioned above have led to Apples success. Two consequences may emerge, owing to Apples success, which are fashion style and changing peoples habits. Fashion Style With the increasing popularity with Apples products, an iPod or an iPhone is not only an mp3 player or a mobile phone but also a fashion symbol. Especially an iPod has become a synonym for an mp3 player. Lavey described the effects of Apples products on fashionable style as the words below: After the iMac came out, suddenly things werent cool if the product name didnt have a lower-case i in it, and the word pod after the iPod became popular. (Lavey 2009) Thus, the names of Apples products have become fashionable words. Moreover, the exquisite and simple design style has also become the world trends being pursued by people. Changing Peoples Habits Another effect brought by Apples products is the change of peoples habits. The Nike/iPod Sport Kit (Nike + iPod n.d.) is a typical example. It can track individual exercise performance of jogging and verbally report their results the moment users have progress. So that users can supervise their pace and distance circumstantially. While people usually use a stop watch record the total time they have run and then roughly calculate their average speed before using the Nike/iPod Sport Kit. Following this further, people used to prefer jogging with partners in order to motivating each other; however, it is not easy to find a partner who runs at the similar pace and duration (Shannon, Florian 2007). In order to resolve this problem, a piece of research was conducted in 2006 and showed that technology is helpful to motivate people to be active and allow for social communication (Consolvo et al. 2006). The Nike/iPod Sport Kit has realized the research theory because of the interaction betwee n users and it. Therefore, according to the example mentioned above, we can see that Apples products have changed peoples habits in some aspects. Conclusion In conclusion, Apples product development and its extensive marketing have resulted in the success of Apple Inc. As a premise factor of the success, Apple Inc. persists in developing innovative products with friendly user interface and simple design style. Moreover, high quality components integrated into Apples products ensure the stable performance. In addition, coherent software and hardware of these products provide more convenience to users. Besides brilliant products, the marketing strategies of Apple Inc. are remarkable as well. peoples daily life is infiltrated by Intensive advertising of Apple Inc. and then its communication style is also approved by consumers in global range. Owing to the success, Apple Inc. have guided a new fashion style and changed peoples habits in some fields. Therefore, it is evidently reasonable to consider that Apple Inc. is one of most outstanding companies in the world currently.

Trapping a Mouse Essay -- Expository Process Essays

Trapping a Mouse Trapping a mouse is not as easy as one might think. Mice are very crafty and they have an uncanny ability to steal the bait from a trap without getting caught. I was shown at a very early age just how slick these mice could be. Consequently, I was also taught the proper way to trap a mouse. It is very important to use the right ingredients when trapping these pesky critters. This is very important to ensure a good clean kill. You should use the two-bait method. By using this time-tested procedure, you will have an approximate success rate of 80% to 100%. The two ingredients used for this type of trapping are peanut butter and Velveeta cheese. Why these two particular items? Have you eaten a peanut butter sandwich at some point in your life, or a piece of Velveeta cheese? If you have, you know how sticky and chewy they both are. These two facts are what make them the prime ingredients for luring and trapping mice. I have tried other methods over the years, but the rodent has always managed to cheat the jaws of death. He would snatch the bait and run before the trap even went off. After many futile attempts with the other ways of trapping, I'd always revert to that time proven method. My grandfather was the one who devised this two-bait method. As a child I lived in a two-family home. My family and I lived on the first floor, along with my grandparents who lived on the second. I spent a lot of time with my grandfather. You may be wondering why this whole mouse trapping endeavor came to be. Let me tell you, growing up in an Italian household there was always plenty of food around, especially bread and cheese along with fruit and nuts that were lef... ...stairs to see if it worked. As I opened the door to the apartment, there sitting at the table in all his glory was my grandfather. He was wearing an ear to ear grin that could have lit up the darkest of nights. He motioned for me to come over to him. As I got closer to him, he said, "go look behind the icebox." I walked over to it and with nervous anticipation I peeked behind. Lo and behold, there he was, the mouse that had caused so much turmoil for my grandfather, now dead, caught by a persistent old man of many ideas. Thus started the two-bait method for trapping a mouse. You must use peanut butter and Velveeta cheese. But not too much of either because you want the mouse to have to stand on the trap in order to get at the bait. Then, locate the site of those rude little mouse droppings! Once you've found that, you are ready to "Trap a Mouse!" Trapping a Mouse Essay -- Expository Process Essays Trapping a Mouse Trapping a mouse is not as easy as one might think. Mice are very crafty and they have an uncanny ability to steal the bait from a trap without getting caught. I was shown at a very early age just how slick these mice could be. Consequently, I was also taught the proper way to trap a mouse. It is very important to use the right ingredients when trapping these pesky critters. This is very important to ensure a good clean kill. You should use the two-bait method. By using this time-tested procedure, you will have an approximate success rate of 80% to 100%. The two ingredients used for this type of trapping are peanut butter and Velveeta cheese. Why these two particular items? Have you eaten a peanut butter sandwich at some point in your life, or a piece of Velveeta cheese? If you have, you know how sticky and chewy they both are. These two facts are what make them the prime ingredients for luring and trapping mice. I have tried other methods over the years, but the rodent has always managed to cheat the jaws of death. He would snatch the bait and run before the trap even went off. After many futile attempts with the other ways of trapping, I'd always revert to that time proven method. My grandfather was the one who devised this two-bait method. As a child I lived in a two-family home. My family and I lived on the first floor, along with my grandparents who lived on the second. I spent a lot of time with my grandfather. You may be wondering why this whole mouse trapping endeavor came to be. Let me tell you, growing up in an Italian household there was always plenty of food around, especially bread and cheese along with fruit and nuts that were lef... ...stairs to see if it worked. As I opened the door to the apartment, there sitting at the table in all his glory was my grandfather. He was wearing an ear to ear grin that could have lit up the darkest of nights. He motioned for me to come over to him. As I got closer to him, he said, "go look behind the icebox." I walked over to it and with nervous anticipation I peeked behind. Lo and behold, there he was, the mouse that had caused so much turmoil for my grandfather, now dead, caught by a persistent old man of many ideas. Thus started the two-bait method for trapping a mouse. You must use peanut butter and Velveeta cheese. But not too much of either because you want the mouse to have to stand on the trap in order to get at the bait. Then, locate the site of those rude little mouse droppings! Once you've found that, you are ready to "Trap a Mouse!"

Birth Control

It is a hormonal method of birth control. They increase estrogen and progestin to prevent the egg from leaving the ovaries and to increase the thickness of cervical mucus. The pill is very effective, over 99% effective, when taken as directed. It is safe for most women, but some women with health conditions or who take other medications should not take the pill. The pill may have some side effects. The benefits of birth control are it helps regulate and lighten periods, can help with menstrual cramps, acne, and prevent certain illness.It also improves many women's sex lives due to their ability to be spontaneous. The disadvantages to birth control pills are that few women get spotting between periods, nausea, and breast tenderness. However, that usually goes away within a few months. It can also change a woman's libido. It can also increase risk for some more serious illness. You need a prescription for the pill. You can go toa private clinic, community clinic, or free clinic for an evaluation and prescription. You can get the birth control from a pharmacy or a clinic.You may need an exam to get the prescription, which can cost between 35 and 250 dollars. The cost of the pill each month is between 15 and 50 ollars. Some planned parenthood will give you birth control for very low cost or for free depending on income. You take a pill at the same time during the day every day of the month. Condom A thin piece of plastic or latex that is shaped to fit a pen's. It is worn over the penis during sex. It is a barrier method, it prevents sperm from entering the woman's vagina, anus, or mouth. Condoms are 98% effective when used as directed.You can help their effectiveness by using spermicide and/or pulling out before ejaculation in addition to using a condom. Condoms are very safe unless a person is allergic to atex, in which case they need to purchase a plastic condom. The benefits of using condoms are their convenience, their protection against STD's, don't require a prescription, are cheap and easy to get, and they can help a man stay erect longer. The disadvantages of using condoms are that some partners may be allergic to latex. It also has been said to dull the sensation or interrupt foreplay to have to put on a condom.You can buy condoms at drugstores, community health centers and clinics, or at planned parenthood. Individual condoms cost about a dollar The condom is worn on the penis. You usually roll it on from the tip to the base of he pen's. Spermicide Spermicide is a chemical cream, gel, film, or suppository that stops sperm from moving. Spermicide is a chemical. It keeps sperm from moving or blocks the cervix. When you use spermicide correctly, it is 85% effective for women. The benefits of spermicide is that it can help protect against pregnancy if you are allergic to latex or cannot be on the pill.The disadvantage of spermicide is that it does not protect against S You can get spermicide at drugstores, clinics, or planned parenthood Spermicide costs about 8 dollars. You insert most spermicide deep into your vagina using an applicator or your fingers. Sponge It is made of plastic foam and is filled with spermicide. It covers the cervix to block sperm (barrier) and prevents sperm from moving. Women who use the sponge correctly get pregnant 9% of the time. Most women can use the sponge safely but you should not use it on your period. The benefits of the sponge are that it is safe and convenient.It can be carried in a purse or pocket. It can also not be felt by your partner. The negative effects of the sponge are it may be difficult for women to insert or remove. You can get the sponge at Planned Parenthood, drugstores, or clinics. It costs about 12 dollars for a pack of three. You wet the sponge with a little bit of water. Then you squeeze the sponge gently to activate the spermicide to get the whole thing wet. Then you fold the sponge and insert it as far as your fingers can reach. Feel around the sponge to make sure you can feel the loop and that it is covering the cervix.After intercourse you must leave it in for at least six hours and then pull it out by the loop. Patch The patch is a thin patch placed on the skin to prevent pregnancy. The patch releases hormones, progestin and estrogen It is very affective. Less than 1% of women get pregnant when using the patch as directed. The patch is very safe but cannot be used with some medications. The pros of using the patch is that it allows for a spontaneous sex life. It gives you shorter, lighter periods. It can also help with acne, cramps, and prevent some cancers.The cons of using the patch are that it does not prevent against STDs You can get it from a pharmacy. You need a prescription which you can get from a clinic or your doctor, and it costs about 15 to 80 dollars for one month. You apply the patch on to your skin and leave it for three weeks. Then you take it off for a week. Breastfeeding After giving birth breastfeeding releases hor mones to prevent pregnancy. It is a hormonal method. If a women practices continuous breastfeeding less than 1% get pregnant for six months. There are no side effects.The advantages of the method are the fact that it is very reliable and isn't difficult to use. It is also very safe. The disadvantages of using this method some women find it difficult to exclusively breastfeed their baby and it is only effective for six months after birth. You don't have to get anything, you Just breastfeed your baby. The method is free. You breastfeed your baby four hours during the day and six hours at night and your hormones will the prevent pregnancy. Birth Control Shot It is a shot you get in your arm. It releases progestin into your bloodstream and the hormones will prevent pregnancy.Less than 1% of women get pregnant on the shot. It can not be taken with some medication but for most women it is safe. The advantages of the shot is that it is safe, simple, and is long lasting. The disadvantages a re that there may be some irregular bleeding for the first 6 months. You can get the shot at a private health care provider or a clinic. It requires a prescription and can cost between 35 and 250 dollars. You use it by getting a shot from your doctor. Fertility Awareness Method Fertility Awareness Method works by tracking when the egg is released to prevent pregnancy.It keeps sperm out of the vagina during the periods where she is most fertile. 24% of couples who do not use the method effectively will become pregnant. The method is very safe and has no side effects. The benefits are that it is very safe and it is free. The disadvantages are that you must abstain from sex for ten days each month. You don't need to get anything. It is free and doesn't require a prescription. You keep track of the days you are ovulating and abstain from sex for those times to void pregnancy. Outercourse It is sex without penetration. It works by keeping sperm out of the vagina.It is practically 100% ef fective when used correctly. It is very safe and has no side effects. The benefits are that it decreases the probability of STD's, and can make sex play last longer and increase closeness and trust between partners. The disadvantages are that some people may find it difficult to abstain from vaginal sex. It cannot be obtained, you Just have sex differently. It is free, you don't need a prescription. The ways to have sex without penetration are oral sex, anal sex, masturbation, sex oys, kissing, manual stimulation, body-to-body rubbing, and fantasy.Diaphragm It is a shallow dome shaped cup you insert into your vagina. It is a barrier method. When used correctly, it is affective 94% of the time. It is more effective when used with spermicide. The advantages of this method are it is immediately effective, can be carried in a purse, doesn't affect hormones, and the sex partner can not usually feel it. The disadvantages are it may be difficult for some women to insert and can be moved ou t of place by aggressive sex or certain sex positions. You must see a health care provider to get a diaphragm.You must be fitted and given a prescription, then you can buy it at a drugstore. It can cost between 15 and 75 dollars (not counting the cost of the exam). You put spermicide in the cup. You fold the diaphragm in half and insert i t into the vagina, making sure it covers your cervix. Morning After Pill It is emergency contraception after unprotected intercourse. It keeps a woman's ovary from being released for longer so that it can not come in contact with sperm. Most are up to 89% effective when taken within three days of unprotected sex. It is very safe, there are no reports of any serious complications.The advantages to this method are that if you have unprotected sex, this can be a kind of last resort to protect yourself after. The disadvantages to the morning after pill are rare, but some side effects such as irregular periods, breast tenderness, or nausea. At 17 or old er you can buy a pill over the counter without a prescription. Under 17 you need a prescription. It can cost between 10 and 70 dollars. You take the pill as soon as you can after your unprotected sex. Abstinence Abstinence is abstaining from, or not having, sex. It works because you are not penetrating the vagina therefore cannot get pregnant.The method is 100% effective. The advantages to this method are it is free and there are no side effects. The disadvantage to abstinence is that it isn't any fun because you cant have sex. You don't need to purchase it. The method is free. You use it by exercising self control and not having sex. It costs about 295,560 dollars to raise a child until the age of 17 years old. It costs about 10,000 dollars for the babies first year of life. It costs about 550 dollars for diapers for one year. Formula will cost about 1,188 dollars. Other supplies will cost about 2,050 dollars for the first year. Birth Control The increasing world population is the most important problem that should be solved in order to solve big social problems such as bad economic situations and lack of resources. Birth control, although may lead to religious, cultural and spiritual objections, is the most effective way to decrease the population growth rate. Thus, governments should begin programs of compulsory birth control due to the fact that group survival is more important than personal freedom.Firstly, a high birth rate means an ever-growing population, needing more accommodation, education, and health care. When you fail to control high birth rates, this will bring about an increase in the population. The increasing needs of the expanding population cannot be supplied easily. Overpopulation will cause hunger, health problems and dissatisfaction among people. Additionally, with a high birth rate in a rapidly growing population, social problems will lead to social crises and explosion. Thus, high birth rate in a p opulation is a very serious problem that should be solved as fast as possible to avoid crises in the country in concern.Secondly, another negative aspect of high birth rate is the decrease of the natural resources of a country. The reduction of natural resources also brings about high inflation rates and negative economic conditions. When natural resources of a country fail to meet the growing domestic need, prices increase and living standards decline. Thus, in a developing country, the government should not let the population increase uncontrollably.Thirdly, birth control is the most effective and fastest solution to stop an increasing population. A common criticism of the practice of mandatory birth control is that it would not work properly, because it might be against people’s religious beliefs. However, a high birth rate is a real problem, which the government should actively control for a guaranteed solution. The government should launch a campaign to promote the neces sity of birth control and to increase awareness among people.To sum up, because awareness raising programs will take a long time, until then for a faster solution, the government, which has the power to enforce such programs, should start compulsory birth control programs while raising consciousness and conducting publicity campaigns.

External environmental factors affecting the organized retail industry Essay

The external environmental factors affecting the organized retail industry in india are as follows: †¢Demographical Environment – The important environmental factor that need proper and continuous monitoring called Demographical Environment. Demography is the study of population and its characteristics. Even India has over millions of retail outlet, it still has a long way to go with the international standard of retail industry †¢Cultural Environment – they influence the consumer’s beliefs, art, morals, laws, custom. India’s large and dynamic size and economical and cultural diversity which had lead to no proper model or consumption pattern throughout the country. The main challenge the retail industry in India faces is of diverse strategies for different sectors and segments. †¢Social Environment – it has the maximum effect on consumes. Social environment changes the habbits of people. In India brands like Dettol have a higher impact on people because of its burning sensation. Maggi noodles are more of convenient food in Indian Market than a staple food. †¢Legal and Political Environment – Government plays a great role in moderating the role of business in the society through legislation. The legal frame work for relationship between business and consumer is designed to encourage a competitive marketing system to employ and adhere to best business practices. †¢Economic Environment – depends on the type of economic system in which the consumer makes purchases. Oil companies in India have dome compaings when oil prices went high, where they gave tips on how to cut on fuel consumption. Shortages sometimes forces marketers to be allocators of limited supplies. †¢Natural Environment – the finite and non-renewable natural resources are being consumed very fast and there is little likelihood. The resources such as fuel and gasoline are heading towards a big crisis. The supreme court of India has banned the list of industries in New Delhi. The government instead of being a facilitator for industrial growth is promoting industries which are creating less pollution.